i think the main issue is the convertible note and the $0 cash position, so basically the entire company is operating on debt with a negative operational cashflow....this is not a good position for a company particularly in a credit crunch. Add in reputation risk, missed opportunities and the impending capital raise with a touch of general stock market implosion - valuation becomes irrelevant to a point
GMV Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held